leasehold estate


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Related to leasehold estate: Fee simple estate

leasehold estate

The interest a tenant has to possess and use property by virtue of a lease.

References in periodicals archive ?
Having concluded residual techniques can be appropriately applied to this analysis, an estimated value of $4,100,000 (rounded) can be derived for the leasehold estate ([V.
These include rights for the leasehold mortgagee, without the landlord's consent, to foreclose and sell or resell the tenant's leasehold estate and interests in the improvements, to appoint a receiver, to enter upon and/or operate the leasehold premises, to sublease the premises, to cure the tenant's default under the ground lease and to require the landlord to accept such cure on behalf of tenant.
After becoming the tenant (by foreclosure or voluntary conveyance), the leasehold mortgagee roust have the right to freely assign or sublet the leasehold estate without the landlord's consent.
by the landlord when the leasehold mortgagee becomes the tenant following foreclosure or assignment of the leasehold estate in lieu of foreclosure.
Certain sectors will be harder hit than others and, while retailers and industrialists who have held onto or occupy freeholds will be least affected, those with substantial leasehold estates are likely to be most affected.
His experience also includes advising clients on oil, gas, and mineral title issues, pooling and unitization, community leases, and undivided mineral ownership and leasehold estates.
The freehold and leasehold estates were split off in 1961 when a Helmsley group was the owner.
This project presented many intricate leasing and property ownership issues relating to the unification of the fee and leasehold estates, which our team completed successfully," said Kerr Taylor, chief executive officer of AmREIT.
He has rendered numerous title opinions, including those for drilling, division orders, leaseholds, and acquisitions, and has advised clients on a range of issues, involving oil, gas, and mineral titles; pooling and unitization; community leases; undivided mineral ownership; and leasehold estates.
He has also advised clients on oil, gas and mineral title issues; pooling and unitization; community leases; undivided mineral ownership; and leasehold estates.
Citadel has options (exercisable in 2010) to purchase the fee interests underlying the Murray Hill and Sutton cinemas, and the long term leasehold estates underlying the Cinemas 1,2 and 3 and Village East Cinemas for an aggregate exercise price of $48 million.